Rudolph Technologies and Therma-Wave Reach Settlement
FLANDERS, N.J.--(BUSINESS WIRE)--Sept. 28, 2001--Rudolph Technologies, Inc. (Nasdaq: RTEC - news), a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device companies, and Therma-Wave, Inc., today announced that they have reached a settlement in their Patent Interference proceeding.
As a condition of the settlement, Therma-Wave filed a concession of priority in the Interference based upon a review of the evidence presented by Rudolph. In exchange Rudolph has agreed not to assert its patent against Therma-Wave's products. No financial consideration was paid by either party. Other terms of the settlement were not disclosed.
``We are pleased to finally get this issue resolved and behind us,'' commented Paul F. McLaughlin, Chairman and CEO of Rudolph Technologies. ``We can now focus additional resources on the more important issues at hand. Specifically, continuing our developments of advanced metrology systems during this portion of the economic cycle so that Rudolph is a required technology purchase for the pending industry upturn.''
About Rudolph Technologies
Rudolph is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology systems used by semiconductor device manufacturers. The Company provides a full-fab solution through its families of proprietary systems for both transparent and opaque thin film measurement. Rudolph's product development has successfully anticipated and addressed many emerging trends that are driving the semiconductor industry's growth. The Company's success in creating complementary metrology applications through aggressive research and development is key to Rudolph's strategy for continued technological and market leadership.
This press release contains forward-looking statements. Actual results may differ materially from those projected due to a number of risks, including changes in customer demands for our existing and new products, the timing, cancellation or delay of customer orders and shipments and the timing of revenue recognition of shipments, new product offerings from our competitors, changes in or an inability to execute Rudolph Technologies' business strategy, unanticipated manufacturing or supply problems, and changes in tax rules. Rudolph Technologies cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading ``Risk Factors'' in Rudolph Technologies' Form 10K filed for the year ended December 31, 2000. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Rudolph Technologies does not assume any obligation to update the forward-looking information contained in this press release.
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